Industry Week in Review – October 11, 2019
KippsDeSanto & Co. Industry Week in Review – October 11, 2019
Industry Week in Review – October 11, 2019
M&A Transactions
Astronics Corporation has acquired Diagnosys Test Systems Limited, a provider of testing, support, and repair of high-value electronics, electro-mechanical, pneumatic, and printed circuit boards in the global mass transit and defense markets. The transaction was valued at $7.0 million.
DC Capital Partners, LLC has acquired Tresys Technology Holdings, Inc., a provider of cyber security products, services and solutions for government and critical infrastructure applications, specializing in highly sensitive and classified environments. The terms of the deal, which closed in August, were not disclosed.
Dedrone Holdings, Inc. has acquired the assets and intellectual property associated with the DroneDefender program of Battelle Memorial Institute, a provider of counter-sUAS technology solutions for end-to-end sUAS threat detection and mitigation solutions for the U.S. federal departments and agencies including the DoD. Terms of the transaction were not disclosed.
Ducommun, Inc. has acquired Nobles Worldwide, Inc., a portfolio company of Levine Leichtman Capital Partners, a provider of ammunition handling systems to key aircraft, naval, and ground-vehicle platforms for the U.S. armed forces and its allies. The transaction was valued at $77 million.
Hensoldt Holding GmbH, a portfolio company of KKR & Co. L.P. has acquired IE Asia-Pacific Pty Ltd, a subsidiary of Intersoft Electronics BVBA, a provider of radar solutions and services to the Australian Defense Force and other agencies, specializing in radar support, testing, training, and installation services. Terms of the transaction were not disclosed.
Qorvo, Inc. has acquired Cavendish Kinetics, Inc., a provider of high-performance RF MEMS technology for antenna tuning applications. Terms of the transaction were not disclosed.
TECT Aerospace, Inc., a portfolio company of Stony Point Group, has agreed to acquire assembly operations of Triumph Group, Inc. based in Nashville, TN, a provider of long and large machining, processing, and large-scale assembly. Terms of the transaction were not disclosed.
Capital Raising Transactions
RapidSOS, Inc., a New York-based emergency technology company, announced the closing of a $55M Series B funding round led by Energy Impact Partners (“EIP”). RapidSOS currently connects more than 250 million Americans directly to 3,500+ local 911 and first responder agencies – transmitting real-time health and medical information, vehicle telematics, multimedia, building sensor data, and more in an emergency.
SparkCognition Inc., a global artificial intelligence (“AI”) leader that builds AI technology to advance the most important interests of society, announced the closing of its Series C funding of $100 million led by March Capital Partners. Other investors include companies across multiple industries, including Boeing HorizonX, Hitachi High-Technologies, Hearst Ventures, and many others.
Satelles Inc., a Reston, Va.-based provider of satellite-based time and location services, has announced raising $26 million in Series C funding. C5 Capital led the round and was joined by Iridium Communications and existing investors.
